For the first time in a number of years, the NICS background check data has finally had an uptick over a number of consecutive months. Investors in the firearms and outdoors space have therefore been anxiously waiting for the earnings results to take an uptick too.
On November 7th, Sturm, Ruger & Company (RGR) reported their Q3 FY2019 earnings results.
Did Ruger's earnings results improve? Or is the slack in the distribution system still not caught up?
Let's dive in.
Earnings Results
For the quarter, the company reported net sales of $95.0 million. This